April 2025
24Apr

For Most Americans, Going Broke in Retirement Is a Bigger Fear Than Death: Survey

The Allianz Center for the Future of Retirement has published its annual retirement study, finding yet again that a solid majority of Americans say they worry more about running out of money in retirement than they worry about their mortality. Specifically, 64% of survey respondents this year said they worry more about financial destitution in retirement than death. Despite the concern, 62% say they are not saving as much for retirement as they would like, while 54% say inflation contributes to their...

April 24, 2025
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21Apr

Survey reveals thoughts on Americans’ ideal retirement age

When is the best time to retire? It depends on who is answering the question, but that answer gives food for thought for senior housing developers and providers creating and renovating spaces for older adults. In recently published results of a survey of Americans, the answer, on average, was 61.8 years — more than five years before a current 61.8-year-old would be able to collect full Social Security and more than three years before that person would be eligible for...

April 21, 2025
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16Apr

Retirement in the USA: The Outlook of the Workforce 25th Annual Transamerica Retirement Survey

By Transamerica Institute Retirement in the USA: The Outlook of the Workforce, a collaboration between Transamerica Center for Retirement Studies (TCRS) and Transamerica Institute, delves into the retirement prospects of the U.S. workforce including workers who are employed by others, self-employed workers, and workers who are unemployed but looking for work. Based on a survey of more than 6,100 members of the workforce, the report delves into their life priorities and outlook, personal finances, retirement expectations, and how they are saving,...

April 16, 2025
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02Apr

UK. Research reveals lack of retirement preparedness as life expectancy increases

Less than two thirds (60 per cent) of professional investors feel they are either fully or almost fully financially prepared to help their clients in living for longer in retirement, research by Fidelity International has revealed. However, the research, which included responses from institutional investors and intermediary distributors across Europe and Asia, found that 40 per cent of respondents felt there was a lack of readiness to support clients in this area. Fidelity International global head of client solutions, Katie Roberts...

April 2, 2025
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01Apr

US. Secure 2.0 Act Changes Some Key 401(K) Guidelines for 2025

These changes are very important to know for small employers with existing 401(k) plans and those considering starting a 401(k) plan. Also, if you are a part-time employee or an employee over the age of 50, these changes will affect you. 401(k) retirement plans are employer sponsored, qualified retirement plans that are available to employees. The employee can elect to have an amount or percentage of their pay deducted either before or after taxes — Roth 401(k) — and invested...

April 1, 2025
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March 2025
28Mar

Can ChatGPT Plan Your Retirement?: Generative AI and Financial Advice

By Andrew W. Lo, Jillian Ross We identify some of the most pressing issues facing the adoption of large language models (LLMs) in practical settings, and propose a research agenda to reach the next technological inflection point in generative AI. We focus on four challenges facing most LLM applications: domain-specific expertise, an ability to tailor that expertise to a user’s unique situation, trustworthiness and adherence to the user’s moral and ethical standards, and conformity to regulatory guidelines and oversight. These...

March 28, 2025
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27Mar

The value of active strategies in old-age provision

The choice between active and passive strategies should not be reduced to a binary decision, eg, based solely on fees. Instead, it should reflect the investor’s unique goals, the product framework (eg, unitlinked or pension plans) and the market environment. In the context of old-age provision, we question the suitability of passive strategies. In a competitive market situation, with greater volatility and structural shifts, we think active approaches with selective decisions have greater potential to outperform and protect...

March 27, 2025
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24Mar

US. 4 Reasons Your Retirement Plan Is Overly Conservative

A flaw of conventional retirement planning is its detachment from reality. This disconnect often leads to overly conservative retirement income plans that require retirees to make unnecessary spending sacrifices. That’s a problem because the goal of retirement planning is to maximize quality of life, which involves taking a realistic look at a retiree’s situation to enhance retirement income and to encourage spending. Let’s explore four common factors contributing to overly conservative retirement income plans and how to avoid them. #1 Not...

March 24, 2025
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24Mar

Australia. Retirees more pessimistic about retirement expectations: report

Australians have changed their retirement expectations over the past 12 months, with higher living costs creating a pessimistic attitude among pre-retirees, according to a report from Colonial First State. The Rethinking Retirement Report 2025 revealed that rising living costs have eroded comfortable living standards for retirees, and fewer retirees said they are currently able to enjoy a comfortable retirement compared to last year. It continued that three-quarters of retirees are using pension payments to cover essential living expenses, while close to one in...

March 24, 2025
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21Mar

Navigating the retirement window: Introduce more certainty to outcomes

For most savers, the primary objective of their financial plan is to ensure they have sufficient funds to meet their spending needs during retirement. Despite this intention, taking action can be daunting due to the uncertainty surrounding a new phase of life and a lack of information around critical decisions that must be made. These are some reasons why, when it comes to retirement, many Americans are unprepared. A Federal Reserve study found that 25% of working Americans have no...

March 21, 2025
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